tailieunhanh - Trade and Poverty Is There a Connection_410

Openness and trade liberalization are now seen almost universally as key components of the national policy cocktail required for economic growth and aggregate economic well-being. They are believed to have been central to the remarkable growth of industrial countries since the mid-20th century and to the examples of successful economic development since around 1970. The continued existence of widespread and abject poverty, on the other hand, represents perhaps the greatest failure of the contemporary global economy and the greatest challenge it faces as we enter the 21st century. This essay asks whether the two phenomena are connected. Specifically it asks whether the process of trade liberalization or the maintenance of a liberal trade regime. | Trade and Poverty: Is There a Connection? LAlan Winters1 into poverty impacts in order to consider how plausible such links look in the light of what we do know about the The issue way economies function; to identify the places in which it would be sensible to seek empirical evidence; and to help Openness and trade liberalization are now seen us to fit the jigsaw puzzle of fragmentary evidence into a almost universally as key components of the national single overall picture. policy cocktail required for economic growth and aggregate economic well-being. They are believed to have It will be obvious from the previous paragraph that been central to the remarkable growth of industrial tracing the links between trade and poverty is going to be countries since the mid-20th century and to the examples a detailed and frustrating task, for much of what one of successful economic development since around 1970. wishes to know is just unknown. It will also become obvious below that most of the links are very case- The continued existence of widespread and abject specific. Hence general answers of the sort “liberalization poverty, on the other hand, represents perhaps the of type a will have poverty impacts of type b”are just not greatest failure of the contemporary global economy and available—poverty impacts will depend crucially on the greatest challenge it faces as we enter the specifics such as why people are poor to start with, 21stcentury. This essay asks whether the two phenomena whether the country is well-endowed with mineral wealth are connected. Specifically it asks whether the process of and what sort of infrastructure exists. Rather the essay will trade liberalization or the maintenance of a liberal trade develop a way of thinking about the poverty effects of regime could have caused the poverty that so disfigures trade and trade reform, ending up with a series of modern life, or whether, in fact, it has contributed to its questions which will help